Getting Paid and Payments - API and Manual Merchants
Bolt is the merchant of record for all sales done on Checkout Everywhere and acts as a retailer for the connected merchant products. Therefore, Bolt manages payouts to merchants and publishers for sold products. Bolt only charges the merchant for the agreed commission per sale.
For API and Manual merchants, Bolt takes payments directly from shoppers and sends a payment to you once a month. Your default payment method is “self-billing”, which means Bolt will generate a Credit Invoice on the 25th of every month. Bolt will issue a specification and transfer the due value automatically to your specified account. You will need to book the invoice in your system.
If you’d like to receive invoice data as reference and send an invoice to Bolt to get your payout, please contact email@example.com.
Time of Getting Paid
Merchants get paid for all shipped sales on the 25th every month or on the first bank day following the 25th.
Invoice generation is usually done on the 17-18th day of each month. If your order is paid for after the 18th of the month, it will be paid in the next period.
In cases where you have already received the payment for a product that has been returned, we will deduct the amount on your next payout.
What are Shipped Sales?
Shipped sales are orders where the order items are set to “shipped” status, and thus ready for settlement, when an order item has been shipped and our grace period 21 days has passed.
Currency and VAT
You will always be paid in the currency of the market you sold to. For example, if you sell in the UK, you will get paid/invoiced in Pound Sterling (£).
Bolt acts as a merchant of record and is registered in the United Kingdom. If you are a UK merchant, you will get paid, including your local VAT. If you are a merchant located elsewhere in the world, you will get paid excluding VAT.